📊 🔹 Chart Pattern Overview:
The chart shows a series of trendline breaks forming ascending and descending channels.
Multiple higher highs and lower lows were marked with circles.
You’ve mapped clear price action structures with zigzag movements indicating market swings.
🔄 Trend Shifts & Trade Zones:
Initial bullish structure breaks upward, followed by a sharp reversal.
Then, a descending channel forms with retracements offering short-term pullbacks.
Entry and exit zones are highlighted with green and red shaded boxes — likely your long/short trades.
Each trade setup seems to follow support/resistance and trendline confluence.
📉 Current Move:
The most recent leg shows a strong bearish drop toward a support zone (highlighted with a yellow horizontal line and circle).
A bullish reaction candle has formed, possibly signaling a temporary bounce or reversal opportunity.
📌 Chart Features Used:
Support/Resistance levels (yellow, orange, red lines)
Trendlines (white)
Entry/Exit markings (green/red boxes)
Pattern validation (break + retest logic)
The chart shows a series of trendline breaks forming ascending and descending channels.
Multiple higher highs and lower lows were marked with circles.
You’ve mapped clear price action structures with zigzag movements indicating market swings.
🔄 Trend Shifts & Trade Zones:
Initial bullish structure breaks upward, followed by a sharp reversal.
Then, a descending channel forms with retracements offering short-term pullbacks.
Entry and exit zones are highlighted with green and red shaded boxes — likely your long/short trades.
Each trade setup seems to follow support/resistance and trendline confluence.
📉 Current Move:
The most recent leg shows a strong bearish drop toward a support zone (highlighted with a yellow horizontal line and circle).
A bullish reaction candle has formed, possibly signaling a temporary bounce or reversal opportunity.
📌 Chart Features Used:
Support/Resistance levels (yellow, orange, red lines)
Trendlines (white)
Entry/Exit markings (green/red boxes)
Pattern validation (break + retest logic)
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.